Lyon County Real Estate and Livability Trends
Lyon County, Nevada's real estate market has seen some intriguing trends. The average taxable income per tax return jumped from about $40,731.60 in 2013 to roughly $64,178.28 in 2021, possibly indicating growing economic opportunities. Housing values skyrocketed from $131,700 in 2015 to $314,200 in 2022, significantly outpacing state and national growth rates. This increase, alongside rising real... Read more
Lyon County Market Trends
The median value of occupied housing units in Lyon County, Nevada, soared from $131,700 in 2015 to $314,200 in 2022, greatly outpacing state and national growth rates. Meanwhile, average residential energy tax credits per tax return spiked sharply in 2018 to $3,040.00, indicating a robust push for energy-efficient home improvements. Real estate taxes also climbed significantly, from $1,880.31 in... Read more
Median Value of Occupied Housing Units in Lyon County, Nevada Over the Last 8 Years
Over the last eight years, the median value of occupied housing units in Lyon County, Nevada, grew significantly, jumping from $131,700 in 2015 to $314,200 in 2022. This local surge outpaced both the state of Nevada, which went from $173,700 to $373,800 during the same timeframe, and the national median, which rose from $125,500 to $179,400. Potential investors and homebuyers may find the rapid value increase in Lyon County especially compelling, suggesting a robust market with strong investment opportunities in Northern Nevada.
Residential Energy Tax Credit Per Tax Return in Lyon County, NV Over the Last 9 Years
Over the past nine years in Lyon County, Nevada, the average residential energy tax credit per tax return has shown significant fluctuation. Starting at $342.11 in 2013, it peaked sharply in 2018 at $3040.00, suggesting a strong push for energy-efficient home improvements. However, this amount has varied since then, with figures like $1750.00 in 2019 and $1290.32 in 2020. This trend indicates that investments in energy efficiency could be a strategic consideration for homeowners, real estate investors, and insurance agents, as energy-efficient improvements can enhance property value and provide substantial tax benefits. Home appraisers and builders might also see this as a signal of growing demand for energy-efficient housing upgrades.
Average Real Estate Taxes Per Tax Return in Lyon County, NV Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Lyon County, Nevada have generally been on an upward trend, rising from $1,880.31 in 2012 to $3,287.88 in 2021. Significant jumps are notable, particularly after 2017, with 2018 and 2020 showing marked increases. This could indicate a growing real estate market and potentially escalating property values, which might be an important consideration for investors, homeowners, and real estate professionals. The rise in taxes also underscores the need for updated tax appraisal and strategic financial planning for current and prospective residents.
Percentage of Farm Returns in Lyon County, NV Over the Last 10 Years
Over the last decade, farm tax returns in Lyon County, Nevada have shown a modest yet notable decline, starting at approximately 1.10% in 2012 and dipping to roughly 0.77% by 2021. These figures suggest a gradual reduction in the number of active farming operations filing tax returns. For those considering investment, development, or relocation, this downward trend could mean a shift in the local economy and land use, possibly hinting at opportunities for redevelopment or changes in community demographics.
Number of Mortgages by Occupancy Type in Lyon County, NV Over the Last 5 Years in Lyon County
In Lyon County, Nevada, over the last five years, the number of mortgages for principal residences surged, peaking at 7,205 in 2021 before a decline to 3,894 in 2022. Investment property mortgages also fluctuated, briefly rising to 318 in 2021 but dropping to 187 by 2022. Changes in occupancy type indicate varying levels of demand and stability in the housing market, crucial for investors and appraisers assessing property valuations. For real estate agents and those looking to move, these shifts could hint at underlying economic trends or shifts in population dynamics. Building property and securing insurance within these trends requires a keen understanding of occupancy preferences to anticipate market needs accurately.
Economic Outlook
Lyon County, Nevada has experienced a notable rise in average taxable income per tax return over nine years, jumping from approximately $40,731.60 in 2013 to around $64,178.28 in 2021. State and local income taxes showed significant volatility, with a striking peak in 2020 at $21,732.14 before slightly dropping to $18,342.31 in 2021. This variability might highlight economic shifts or policy changes impacting local tax liabilities. Meanwhile, the average total tax liability per tax return also... Read more
Average Taxable Income per Tax Return in Lyon County, NV over the last 9 years
Lyon County, Nevada has seen a consistent and perhaps significant increase in average taxable income per tax return over the last nine years. In 2013, the average stood at around $40,731.60, while by 2021, it seems to have risen to roughly $64,178.28. This trend may indicate growing economic opportunities or rising incomes in the area, making Lyon County perhaps attractive for potential investors, real estate agents, and those considering relocation. Appraisers and insurance agents might also find these insights useful when assessing property values and client needs.
Average State and Local Income Taxes Per Tax Return in Lyon County, NV Over the Last 10 Years
Over the last decade, Lyon County, Nevada has seen some significant fluctuations in average state and local income taxes per tax return. Notably, while there was a general upward trend from 2012 ($5,459.09) to 2019 ($7,429.63), the jump in 2020 was stark, reaching $21,732.14, and though slightly lower, 2021 remained high at $18,342.31. Such sharp increases might suggest economic shifts, policy changes, or demographic factors impacting tax liabilities. This variability in taxes could be a key consideration for potential investors, appraisers, and anyone interested in the financial landscape of Lyon County.
Average Total Tax Liability Per Tax Return in Lyon County, NV Over the Last 10 Years
Over the past decade, Lyon County, Nevada has seen a significant climb in average total tax liability per tax return, starting at around $5,937.46 in 2012 and rising to approximately $8,638.67 by 2021. This upward trend suggests economic growth, potentially making it a compelling consideration for investors and real estate professionals eyeing the area. Homeowners and those looking to move to Lyon County might want to stay aware of these rising liabilities as they could reflect increasing property values, impacting both living costs and insurance premiums. For appraisal and insurance agents, understanding these tax liability trends may provide deeper insights into the evolving market conditions within Lyon County.
Cost of Living in Lyon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,559 | $1,480 | $2,291 | $1,887 | $1,419 |
| 1 adult 4 children | $1,559 | $1,209 | $1,773 | $1,887 | $1,565 |
| 2 adults 3 children | $1,559 | $1,209 | $1,977 | $1,887 | $1,168 |
| 1 adult 3 children | $1,559 | $987 | $1,459 | $1,887 | $1,319 |
| 2 adults 2 children | $1,097 | $990 | $1,663 | $1,636 | $901 |
| 1 adult 2 children | $1,097 | $739 | $1,145 | $1,636 | $926 |
| 2 adults 1 child | $1,097 | $782 | $1,349 | $821 | $777 |
| 1 adult 1 child | $1,097 | $505 | $832 | $821 | $653 |
| 2 adults | $926 | $628 | $1,036 | $0 | $621 |
| 1 adult | $834 | $343 | $518 | $0 | $512 |
Safety trends & Data
Lyon County, Nevada has experienced a noteworthy decrease in property crimes over the past five years, with burglary and larceny-theft incidents dropping from 50.00 and 116.00 in 2018 to 19.00 and 34.00 respectively in 2022. This downward trend might appeal to real estate investors and homebuyers seeking safer environments, and it could positively influence insurance assessments. Despite minor fluctuations in arson and motor vehicle theft, the overall reduction in crime suggests an improving... Read more
Property Crime Trends in Lyon County, NV Over the Last 5 Years
Over the past five years in Lyon County, Nevada, property crimes have generally seen a decline. While arson and motor vehicle theft have had slight fluctuations, burglary and larceny-theft have significantly decreased from 50.0 and 116.0 reported incidents in 2018 to 19.0 and 34.0 respectively in 2022. The drop in these specific crimes could be attractive for potential real estate investors, homebuyers, and insurance agents assessing risk reduction. Though there are some fluctuations, the overall decreasing trend indicates potentially improved safety and security in the area.
Demographics
Lyon County, Nevada shows a nearly balanced gender ratio, with slightly more men than women. The population skews older, with substantial numbers in the 55 to 64 and 65 to 74 age brackets, which might suggest an attraction for those nearing retirement. Educationally, a high percentage of residents have some college education, though there are notable gaps in higher degree attainment. The racial makeup is predominantly White, with smaller communities of Black or African American, American Indian... Read more
Race Distribution in Lyon County, Nevada (2022)
Educational Attainment in Lyon County, Nevada (2022)
Age Distribution in Lyon County, Nevada
Citizen Population in Lyon County, Nevada (2022)
Political Trends & Data
Lyon County, Nevada showed a clear Republican preference in the 2020 Presidential election, with nearly 70% of voters supporting the GOP candidate. The Democratic contender received just over 28% of the vote, while the Libertarian Party managed only around 1.5%. This conservative tilt hints at a predominantly right-leaning electorate, offering insights into local political dynamics and campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lyon County, Nevada saw nearly 70% of voters supporting the Republican candidate in the 2020 Presidential election, while just over 28% cast their ballots for the Democratic contender. Libertarian and other minor parties garnered minimal support, with the Libertarian Party receiving around 1.5% of the vote. This significant Republican lean suggests a strong conservative presence in the county's electorate, something worth noting in discussions about regional political trends and campaign strategies.
69.16% of voters voted for the Republican party in the 2020 Presidential Election
28.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.53% of voters voted for the Livertarian party in the 2020 Presidential Election
1.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lyon County, California has seen notable changes in student-to-teacher ratios, ranging from a low of 6 students per teacher in 2022 to a high of 26 students per teacher in 2015, but generally hovering around the national average of 14. These fluctuations may signal shifts in funding, population demographics, or policy decisions, which could affect community stability and property values. Real estate agents, appraisers, and insurance agents might find these educational trends crucial for... Read more
Student-to-teacher ratio in Lyon County, California over the last 10 years
Lyon County, California has experienced notable fluctuations in student-to-teacher ratios over the past decade, with values ranging from a low of 6 students per teacher in 2022 to a high of 26 students per teacher in 2015. The average ratio has generally stayed close to the national average of 14 students per teacher. For those considering investing in or moving to Lyon County, these changes might reflect varying educational resources, potentially indicating shifts in funding, population demographics, or policy decisions. Real estate agents, appraisers, and insurance agents might also find these trends useful in assessing community stability and the local education system's impact on property values. Understanding these dynamics could provide insider insights for anyone looking to build property or make long-term investments in the area.
